Just because we have a good consistent clearance rate it doesn’t mean we have a good consistent market.

Once again we saw a clearance rate of 76% achieved on the weekend.

Over the past couple of months, we have seen a very consistent pattern appear in the property market, I am not referring to the clearance rate or the lack of good quality homes but I am referring to the lack of depth of buyers on properties.

I am seeing at auctions that buyer depth has disappeared, we are seeing that we have one stand out buyer with one or 2 running a distant second and third.

This means that when you have someone looking to make an offer or wants to talk prior to auction it would be advisable to listen.

It is also the market where your agent shouldn’t be promising the world and may need to be the bad news bear.

Remember a property is only worth what someone is willing to pay, not what you think it is worth.